“A lot of conservatives led by the Wall Street Journal editorial page were horrified when you said you want to index the minimum wage for inflation,” CNBC host Larry Kudlow said. “They said, look, that’s just going to raise the minimum wage. That’s going to raise the unemployment rate, especially for young people, especially for minorities. Why do you want to raise the minimum wage?”Yeah, let's pause here for a sec. In Kudlow's world, raising the minimum wage equals more unemployment, because really jobs exist out there where $7.25 an hour is just too awful. Why, if we cut that in half, we could hire twice as many people and lower unemployment, especially for minorities (because hey, menial labor is all those people are good for.) Heck, we eliminate the minimum wage, we could have zero unemployment! Utopia accomplished! Sure, it's not like $3.50 a hour is a living wage or anything, but we can call it "workfare".
Meanwhile Mittens devours his own foot again.
Romney responded by noting that as governor, he had vetoed a bill to raise the minimum wage in Massachusetts.
“I vetoed it and I said, look, the way to deal with minimum wage is this: On a regular basis, I said in the proposal I made, every two years, we should look at the minimum wage, we should see what’s happened to inflation, we should also look at the jobs level throughout the country, unemployment rate, competitive rates in other states or, in this case, other nations,” he said.
“So, certainly, the level of inflation is something you should look at and you should identify what’s the right way to keep America competitive,” Romney continued. “So that would tell you that right now, there’s probably not a need to raise the minimum wage.”
If we got rid of the minimum wage, we could be more labor-price competitive with countries like Haiti, Somalia, China and Tonga. So, there's that. This is how President Bain Capital here would solve America's problems. We don't have working poor. They're making $7.25 an hour! How can you be poor if you're making that much money? Heck, we cut that minimum wage, have states compete for corporations by seeing how low wages they can offer to enslave their workers,and that profit will trickle down to the working stiffs automatically! It's the Laffer Curve of wage pricing, cut wages by enough and total incomes will skyrocket and lift all boats and stuff. Boom, competition creates winning.
What utter nonsense. But the most striking thing is that once again, Mitt can't help himself. He honestly believes this stuff because to him, $7.25 isn't an hourly wage, it's a breakfast tip amount. In America, you can get that waiting tables. How can there be poor people in America when that happens? So why raise the minimum wage? You guys making $11,500 a year? You'll be fine. Just get a better job. This is America.
Just look at Mitt Romney. Remember that come November.
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